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The rally in BTC begins to breathe new life into crypto. The top at today's $45k does push the bounds that Bitcoin is still inside of a smaller triangle pattern. If indeed BTC is still grinding through a bullish barrier triangle, then a corrective dip will need to begin immediately that carries BTC back down to $41k. A print above $45,426 suggests the triangle is...

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Bitcoin's path is predicated on it's near-term movements. There are two Elliott wave models we are following. The first one suggests Bitcoin will continue correcting lower from nearby levels. This correction likely retests the Jan 24 low. This model suggests Bitcoin has rallied in a small degree wave and will correct lower in a small degree wave . The...

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HBAR is the 33rd largest coin/token by market capitalization. Using Elliott Wave Theory as our guide. $HBAR spent 2020 rallying in wave 1 and correcting in wave 2. Then, in the early days of 2021, HBAR rallied in wave ((iii)) of 3 driving it up near $0.40. The high registered in H2 2021 was the end of minor wave 3 and arrived at the 1.618x wave 1 relationship...

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FTT has rallied then declined in a 5-3 Elliott wave pattern. In Elliott wave terms, when you have a five-wave advance followed by a three-wave decline, most times, it is followed by another five-wave advance. From June 2021 to the Sept 2021 high, prices rallied in a five-wave impulse pattern. Then from September 2021 to the December 2021 low, a three-wave...

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USDJPY found a top in November from a wave going back to the beginning of 2021. The rise from January 2021 was an ((a))-((b))-((c))- zigzag pattern. The ((b))-wave of the zigzag was a triangle pattern. From there, the ((c))-wave busted higher with wave (v) of ((c)) taking the shape of an ending diagonal. The uptrend culminated into a final wave of multiple...

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The low in December 2021 for AUDUSD appears to be an important low that likely leads to a rally of .76 and possibly higher levels. The December 2021 low was possibly the end of the corrective wave that began earlier in 2021, or minimally, appears to be the end of the wave that began May 2021. Either way, a rally is developing to correct a portion and possibly...

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Bitcoin's pattern and recent price action suggests new all-time highs are on the horizon. If you stand back and look at the price action from the summer 2021 low, you can clearly see 3 waves rally. (see the black trend lines). Now, I have this listed as an extended wave 3. But, if we were to play devil's advocate for a moment, the market moves in patterns of...

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Binance (BNB) is unloading a trend wave that could reach $1500 within the next few months. Using Elliott Wave Theory as our guide, we inspect the market’s trends (called waves) to determine where we are within the 8-wave Elliott wave sequence. Within the idealized 8-wave structure, the market rallies in five waves followed by a three wave setback labeled A-B-C. ...

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EURUSD has been digging lower since January 2021. It appears this 10-month bearish wave is about to end as we can count the minimum waves in place. The 10-month Elliott wave pattern would be considered a double zigzag labeled ((w))-((x))-((y)). Each of the waves ((w)) and ((y)) are zigzag patterns. Additionally, the whole pattern has retraced back to 1.16...

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Earlier today, DJI pushed to a high that overlapped the previous low (see yellow rectangle). That overlap eliminates the rally as being wave 4 of a bearish impulse. That overlap does not eliminate lower levels, but does restrict how the count can be made. One possibility is that DJI is unloading in a wave 3 lower and today's rally was simply wave (ii) of 3. In...

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The Elliott Wave analysis for gold is bullish on the recent move above $1800. This price movement suggests the crash low on August 8 was a 'C' wave. A new wave higher has begun that will most likely terminate above $1920. So far, gold is building a nice impulsive wave. Prices may scoot straight up to $1920 OR pause first around $1840 before extending its run...

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GBPUSD looks ripe for a turn higher. We've been anticipating for a few weeks a dip in the latter portion of a 4th wave. Now, the dip has come. The bullish outlook for Cable (GBPUSD) is based on prices holding above 1.3483. A print below 1.3483 will create a need to go back to the drawing board for the Elliott wave picture of this market. There are 2 main...

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One of the benefits of Elliott wave is that it provides context for describing market behavior. A correct interpretation of the Elliott wave pattern can help you forecast important turning points. With these turning points identified, solid risk to reward ratio opportunities can be bubbled up as well. We have such a case within USDJPY. The choppy and...

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The Ichimoku cloud is a tool to help identify hidden levels of support and resistance. During strong trends, the cloud will hold up prices in an uptrend and hold down prices in a correction. For bitcoin, notice how the cloud held prices up right before the price collapsed. Now, the cloud is acting like overhead resistance. Breaking above the cloud high of...

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This dip in GBPUSD brought the fx pair down to the top of a 14-year broken resistance trendline in an anticipated wave ((iv)). Based on this move alone, it would be extremely bullish pointing to significantly higher pricing. It is possible the fourth wave is over and GBPUSD will accelerate higher in a 5th wave. 1.44 are minimum and immediate targets with much...

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Silver's current Elliott wave pattern appears to be a triangle. Triangle's unfold in 5 waves and silver's triangle is near the end of the 5th wave. Prices may dip to $24.75 where a couple wave relationships exist. Silver does not have to dip and this would not be a tradeable move lower. Parallel waves in the triangle tend to have 61.8% or 78.6% distance...

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ETHBTC overshot the target we outlined a few weeks back. This recent uptrend looks like an extended 5th of a 5th. I do believe ETH will outperform over the long run, but this chart has me leaning towards BTC outperformance initially. The 618 retracement near .043 would be a reasonable retracement such that if ETHBTC made it that low, a good value play could be...

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2 Simple items to point out on this chart. First, at today's low, Bitcoin was the closest it has come to its 200 day Simple Moving Average since the halving last May 2020. At today's low, bitcoin was a mere 5% higher than the moving average. In a bull trend, the 200 SMA is considered longer-term support. The 200 SMA is near $39-40k now. Secondly, there is a...